Austin Russell Buys 25,000 Shares of Luminar Technologies, Inc. (NASDAQ:LAZR) Stock

Luminar Technologies, Inc. (NASDAQ:LAZRGet Rating) CEO Austin Russell purchased 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was acquired at an average cost of $9.87 per share, for a total transaction of $246,750.00. Following the completion of the purchase, the chief executive officer now owns 1,030,000 shares of the company’s stock, valued at approximately $10,166,100. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Austin Russell also recently made the following trade(s):

  • On Thursday, September 15th, Austin Russell bought 25,000 shares of Luminar Technologies stock. The stock was acquired at an average cost of $9.39 per share, for a total transaction of $234,750.00.
  • On Friday, September 9th, Austin Russell purchased 25,000 shares of Luminar Technologies stock. The stock was bought at an average price of $9.18 per share, with a total value of $229,500.00.
  • On Wednesday, August 24th, Austin Russell acquired 25,000 shares of Luminar Technologies stock. The shares were bought at an average price of $9.07 per share, for a total transaction of $226,750.00.
  • On Friday, August 12th, Austin Russell bought 25,000 shares of Luminar Technologies stock. The stock was bought at an average price of $10.80 per share, with a total value of $270,000.00.
  • On Wednesday, August 10th, Austin Russell acquired 25,000 shares of Luminar Technologies stock. The stock was purchased at an average cost of $9.70 per share, with a total value of $242,500.00.
  • On Tuesday, August 2nd, Austin Russell purchased 25,000 shares of Luminar Technologies stock. The stock was purchased at an average cost of $7.21 per share, with a total value of $180,250.00.

Luminar Technologies Trading Down 1.7 %

NASDAQ:LAZR opened at $9.37 on Thursday. Luminar Technologies, Inc. has a 12-month low of $5.61 and a 12-month high of $23.90. The firm has a market cap of $3.28 billion, a PE ratio of -10.65 and a beta of 1.55. The company has a current ratio of 11.60, a quick ratio of 11.44 and a debt-to-equity ratio of 6.89. The stock has a fifty day moving average price of $8.32 and a 200 day moving average price of $10.02.

Analysts Set New Price Targets

Several research analysts recently weighed in on LAZR shares. Craig Hallum lowered their price objective on Luminar Technologies to $8.00 in a research report on Monday, August 15th. The Goldman Sachs Group decreased their target price on shares of Luminar Technologies from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 1st. Cowen increased their target price on shares of Luminar Technologies to $14.00 in a research note on Monday, August 15th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Luminar Technologies from $23.00 to $15.00 in a research note on Monday, July 18th. Finally, Cowen increased their price objective on shares of Luminar Technologies from $12.00 to $14.00 in a research report on Tuesday, August 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.23.

Institutional Investors Weigh In On Luminar Technologies

A number of hedge funds have recently bought and sold shares of LAZR. Steward Partners Investment Advisory LLC increased its stake in shares of Luminar Technologies by 8,000.0% during the first quarter. Steward Partners Investment Advisory LLC now owns 2,025 shares of the company’s stock worth $32,000 after buying an additional 2,000 shares during the period. Prospera Financial Services Inc acquired a new stake in shares of Luminar Technologies in the 1st quarter valued at $32,000. Nisa Investment Advisors LLC acquired a new stake in shares of Luminar Technologies in the 2nd quarter valued at $48,000. MCF Advisors LLC purchased a new stake in shares of Luminar Technologies during the 1st quarter worth $49,000. Finally, MQS Management LLC acquired a new position in shares of Luminar Technologies during the second quarter worth $59,000. Institutional investors and hedge funds own 62.57% of the company’s stock.

About Luminar Technologies

(Get Rating)

Luminar Technologies, Inc, an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Components. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries.

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Insider Buying and Selling by Quarter for Luminar Technologies (NASDAQ:LAZR)

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